Looking to balance out your exposure to ENSG? The ETFs below have the lowest correlation with ENSG — they tend to move on their own, which can help reduce risk when ENSG drops. The stock ideas table highlights individual companies that behave independently from ENSG.
Best Diversifiers for ENSG
4 ETFs have low correlation with ENSG (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Semiconductor ETF (SOXX) (Semiconductors) with a 1Y correlation of 0.12, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Semiconductor ETF | 0.12 | 0.21 | 0.28 | 97 | Semiconductors, Technology Equities | ENSG vs SOXX | |
| Vanguard S&P 500 ETF | 0.22 | 0.33 | 0.39 | 70 | S&P 500 | ENSG vs VOO | |
| State Street SPDR S&P 500 ETF | 0.22 | 0.33 | 0.39 | 70 | S&P 500 | ENSG vs SPY | |
| Vanguard Total Stock Market ETF | 0.24 | 0.35 | 0.41 | 68 | Large Cap Blend Equities | ENSG vs VTI | |
| WisdomTree International LargeCap Dividend Fund | 0.31 | 0.33 | 0.35 | 57 | Foreign Large Cap Equities, Dividend | ENSG vs DOL |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ENSG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ENSG and solid risk/return profiles. The least correlated is IonQ, Inc. (IONQ) (Technology) with a 1Y correlation of -0.09, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| IonQ, Inc. | -0.09 | 0.08 | 0.16 | 64 | Technology | |
| Asseco Poland SA ADR | -0.05 | -0.06 | -0.03 | 59 | Technology | |
| Innodata Inc. | -0.04 | 0.11 | 0.14 | 78 | Technology | |
| Amazon.com, Inc | -0.03 | 0.11 | 0.19 | 60 | Consumer Cyclical | |
| Magyar Telekom Plc | -0.03 | 0.04 | -0.00 | 66 | Communication Services |
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